Thursday, January 23, 2020

Nigeria’s debt rises by 2% to N26 trillion — DMO

Nigeria’s total public debt rose above N26.22 trillion as at September 2019, the Debt Management Office (DMO) announced on Friday. The Director-General of the debt management agency, Patience Oniha, disclosed this...

Indices rebound by one per cent amid interest in high capitalised stocks

After two days of loss, trading activities rebounded on the Nigerian Stock Exchange (NSE) on Thursday following investors’ interest in some highly capitalised equities. Specifically, the market capitalisation of listed equities...

VIDEO: How introduction of N50 charge on POS transaction threatens Financial Inclusion

The federal government recently mandated the Central Bank of Nigeria to strictly implement Merchant Service Charge, which would impose more charges on all POS transactions. To this end, the...

INEC issues certificate of return to Hope Uzodinma as Imo governor

The Independent National Electoral Commission on Wednesday issued a certificate of return to Hope Uzodinma of the All Progressive Congress(APC) as the governor-elect of Imo State. Mr Uzodinma received the certificate...

Yobe selects 228 students for Indian scholarship

The government of Yobe State has said that it has successfully screened 228 students from poor family backgrounds for a foreign scholarship in an Indian University. The 228 students, according to...

How NHIS squandered over N6.8 billion on illegal allowances – Audit Report

The staff and management of Nigeria’s Health Insurance Scheme (NHIS) between 2016 and 2017 helped themselves with several ‘irregular’ and unapproved allowances totalling N6.8 billion, a recently released audit report...

Soku Oil Wells: Bayelsa heads to Appeal Court

The Bayelsa State Government on Monday said it has appealed the judgment of the Federal High Court, Abuja, which ceded the disputed Soku oil wells between Rivers and Bayelsa States...

Nigerians spent N7 billion on movies in cinemas in 2019

Nigerians spent almost N7 billion (N6,976,882,087) to watch films in the cinemas in 2019. The News Agency of Nigeria (NAN) reports that the figures are according to data provided by cinemas...

Naira’s performance against dollar in 2019 weakest in 20 years

Nigeria’s Naira recorded its weakest performance against the United States dollar in two decades, closing the outgone 2019 on an average of N362.60, the worst run since the country returned...

BUA Cement lists 33.86bn shares on NSE, emerges third largest listed company

BUA Cement Plc achieved a feat on the Nigerian Stock Exchange (NSE) with the listing 33.86 billion ordinary shares at N35 per share, emerging as the third largest company on...

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